Word: shermans
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Steven Van Renssalaer, vice-President of the First National Bank in New York, Russell T. Sharp, president of Monticello College in Alton, Ill. Henry J. Wallace, vice-President of U.S. Steel. Richard T. Sherman, short story writer and author who wrote "To Mary With Love." Loring G. Merwin of the Bloomington, Ill. Pantagraph. Louis de Rochemont, documentary film expert...
...Strategic Air Command, he sat through a briefing by SAC Commander Curtis LeMay only to comment at the end of it: "I think 57 wings for SAC is too many." And three weeks ago, when Charlie Wilson's defense budget went to Congress, it was clear that the Sherman plan had triumphed. Most of the $5.2 billion cut in appropriations for fiscal 1954 came out of Air Force funds. Of the total cut, a whopping $3.4 billion-a figure set by Wilfred McNeil-came out of funds for Air Force procurement...
...Senate Armed Services subcommittee, tracking down ammunition shortages (TIME, March 16 et seg.), rendered a blistering judgment last week against the Truman Administration. A majority report, signed by Republicans Margaret Chase Smith, Robert C. Hendrickson, John Sherman Cooper and Democrat Harry Byrd, agreed that...
...more than 170 papers all over the U.S. viewed the situation with understandable alarm. The court had upheld the trustbusters' charge that the papers' unit ad rate (forcing advertisers to place ads in both papers if they wanted space in either one) was a violation of the Sherman Antitrust Act (TIME, June 9, 1952). Other publishers who also use the unit rate feared that the decision against the T-P and States would upset an advertising arrangement that had been in effect on many other papers for years. With the support of these publishers, T-P and States...
This week, in a 5-4 decision, the U.S. Supreme Court overruled the verdict against the T-P and States, declared that the unit rate used by the papers was not in violation of the Sherman Antitrust Act. Although the Government had argued that the T-P and States system "forced" a rate on advertisers, the Supreme Court ruled that the Government failed to prove unfair competition. Said Justice Tom Clark for the majority: "We do not determine that unit advertising arrangements are lawful in other circumstances or in other proceedings. Our decision adjudicates solely that this record cannot sustain...